The Federal Reserve
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The Federal Reserve


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Short excerpt:

The Federal Reserve is one of the chief operators of the United States financial system. Even as its function is of primary importance, most American's are less familiar with the Federal Reserve than any of the major government entities. Indeed, its confusing structure, organization, and responsibilities make it difficult for most American's to understand. In explaining the Federal Reserve, the New York Times describes it as having, дЫПexercised more influence over economic growth and the level of employment than any other government entity.дЫќ (NYT, Web) The article argues that even as the Federal Reserve has been in existence since 1913, it wasn't until the 1970s that it assumed as great a control of the American financial system as it has today.

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